Oracle Financials Cloud: General Ledger 2017 Implementation Essentials — Question 56

The process of remitting receipts to a bank results in fund transfer errors.
Identify three corrective actions to resolve this. (Choose three.)

Answer options

• A. receipt reversal
• B. clearing payment information
• C. credit reversal
• D. debit memo reversal
• E. change of instrument

Correct answer: A, B, E

Explanation

The correct actions, A, B, and E, specifically target issues related to incorrect transactions and ensuring accurate processing. Receipt reversal corrects the original entry, clearing payment information ensures that any discrepancies are resolved, and changing the instrument can help in addressing method-related errors. Options C and D do not directly pertain to the initial remitting process and are less relevant in this context.